A concise model of regional decay

Geoffrey Fishburn

International Journal of Development and Conflict, 2012, vol. 2, issue 1, 1250004

Abstract: Attention has long been paid to the formal modeling of the comparative statics of the expanding, or "progressive," economy. However, even within such an economy there can be, and there have been observed to have been, parts (here designated as "regions") which go into decline, often to the point of being, effectively, abandoned. Importantly, with decay exists the potential for conflict as people ("economic refugees") move from degrading to other regions and/or the loss of a region's resources intensifies competition for those which remain. Simply reversing the "expansion" model will not, it is argued here, properly capture such cases. A concise model which represents a first attempt to do so is proposed.

Keywords: Regions; subsistence consumption; nonviable autarky; endogenous and exogenous decay (search for similar items in EconPapers)
Date: 2012
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